Gold edged higher on Tuesday as the dollar fell and uncertainty persisted over Greece's debt crisis.» Read More
Once upon a time, the European Economic Community-remember that quaint post-World War II institution-thrived without a single currency. A larger European Union can again, but it needs to jettison the fantasy that the benefits of capitalism can be accomplished without adequate incentives to work hard and invest.
The Euro is in big danger. German patience, if it can be called that, will reach the limit. The US voter should realize we are bailing out the euro zone, and who signed up for that?
Merkel is showing the rest of Europe that they are serious about their own deficits and are serious about the rest of Europe following their lead.
For a few happy years, European Central Bank head Jean-Claude Trichet looked down from Mt. Olympus—which is really his 35th floor office—and saw that all was good.
Dread of potential new financial regulations and late-week risk-trimming raised the anxiety among U.S. traders on Friday, said Wall Street traders and analysts.
The calamitous actions and inactions by European officials continue to drive uncertainty throughout the financial markets.
The European debt crisis will deliver a "meaningful hit" to global growth and the recent selloff in stocks indicates the global economy has major structural issues, Mohamed El-Erian, CEO and co-Chief Investment Officer of Pimco, told CNBC Friday.
Germany and France can't borrow or tax enough to cover all the debts of their southern neighbors.
The International Monetary Fund (IMF) has published its detailed economic analysis of the Greek restructuring program. It makes for truly grim reading.
As the Flash Crash in U.S. equity markets May 6 illustrated, problems in Greece can have grave consequences for not merely other Mediterranean economies and Europe, but U.S. and the broader global economy.
As Greece gets its first instalment of aid from the European Union Tuesday, investors and traders are concerned about the fiscal strength of the other PIIGS: Portugal, Italy, Ireland and Spain.
Call it the eurozone two-step. That’s what the euro nations in distress will be asked to dance on Tuesday as their ministers present their recovery plans to the body of 16 eurozone finance ministers engaged in an emergency meeting in Brussels.
A new government is formed in Europe and problems ensue. They check the books from the outgoing administration and discover things are worse than they knew. If this sounds familiar, it should as this is what happened in Greece. It is now occurring in the United Kingdom.
As the euro plunges to a four-year low against the dollar and respected economists like Paul Volker wonder out loud if the currency will survive, reflection is necessary to determine why this once prestigious currency appears to be crashing on the rocks of uncertainty.
Greek Prime Minister George Papandreou declared he is not ruling out taking legal action against U.S. investment banks for their role in creating the spiraling Greek debt crisis.
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After a brief respite following the announcement last week of a nearly $1 trillion bailout plan for Europe, fear in the financial markets is building again, this time over worries that the Continent’s biggest banks face strains that will hobble European economies, the New York Times reported.
The US exposure to the European debt bailout could be at least $50 billion, but the chance of taxpayers actually being on the hook for that appears remote.
The Dow ended lower Tuesday as investors locked in some profits on stocks and sent gold to a new closing high as geopolitical worries left the market a little jittery.
Stocks advanced in mid-afternoon trading Tuesday, led by consumer and techs, after major exchanges agreed to put curbs on big drops in individual stocks.